Climate Contract Playbook Edition 3
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b) whether any modifications should be made to the current Sustainability Goals; c) whether any modifications should be made to the Sustainability Management Standards; d) the effect of the current Sustainability Goals on the Company’s Business Purpose; e) a measurement of the Company’s Carbon Footprint as at the date of each meeting; and f) any additional Sustainability Goals. 2.3 The Board shall provide copies of the meeting minutes from all Sustainability Review Meetings and the measurement of the Company’s Carbon Footprint as at the date of each meeting to the [Shareholder] [Lender] [Guarantor] within [14] Business Days of the meeting date and any material changes to the Sustainability Goals shall be proposed to the [Shareholder] [Lender] [Guarantor] with such minutes in accordance with clause [2.1]. 2.4 The Board shall provide any further information reasonably requested by the [Shareholder] [Lender] [Guarantor] in respect of the Sustainability Goals, including but not limited to any information recommended to be disclosed by a company under the GHG Protocol, provided that such request is made by the [Shareholder] [Lender] [Guarantor] within 30 Business Days of receipt of the minutes provided under clause [2.3]. 2.5 At the end of each Financial Year the Board shall provide the [Shareholder] [Lender] [Guarantor] with details of the Company’s total Carbon Footprint for the Financial Year, which information must also be included in the Directors’ Report for each Financial Year. 2.6 The Company shall purchase carbon credits from a Carbon Offset Provider to offset its total annual Carbon Footprint within [30] days of the end of each Financial Year. 2.7 Evidence of the Company’s compliance with clause [2.6] shall be provided to the [Shareholder] [Lender] [Guarantor] with the minutes of the Board’s first Sustainability Review Meeting in each Financial Year. 2.8 [The Company shall ensure that any investment or equivalent activity that it makes using [funding] provided by the [Shareholder] [Lender] [Guarantor] is on equivalent terms to these Climate Standard Terms.]
3. PURPOSE/USE OF FUNDS/USE OF GUARANTEE 3.1 The [Borrower] [Company] shall apply all amounts [provided] [borrowed by it] [guaranteed] under this [Agreement] [Facility] [Deed] exclusively to Eligible Transactions.
4. RESTRICTIONS 4.1 In addition to the restrictions set out in clause [#] the [Shareholder] [Lender] [Guarantor] undertake[s] [to the other] [and separately to the Company] that they will not at any time, without the prior consent of the [Shareholder] [Lender] [Guarantor], carry on or be employed, engaged, or interested in any business which has not publicly set a Carbon Neutral Target Date or has not set its own sustainability goals or equivalent.]
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